Douglas Durst Of The Durst Organization Secures $190M Refinance Loan From Citibank In Manhattan

The asset involved in this transaction is an office property located at 733 3rd Avenue and 205 East 42nd Street in the Grand Central market of Manhattan. The property was refinanced for an amount of $190,000,000, replacing prior debt that totaled $220,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $190,000,000
• Lender: Citibank
• Landlord: Douglas Durst - The Durst Organization
• Loan Type: Refinance

The deal involved Douglas Durst representing The Durst Organization, which secured the financing from Citibank to manage the debt structure of the property effectively.